Skipton Building Society has today launched a seven-year fixed rate mortgage range.
The offering also comprises new two-year fixed rate mortgages, including a low rate, higher fee option, and five-year fixed rate mortgages at 60% LTV and 90% LTV.
The range of fee-free seven-year fixed rate mortgages from 60% to 90% LTV are the only ones available on the market at the present time.
Kris Brewster (pictured), the Society’s head of products, said: “With the continuing uncertainty over Bank of England base rates we have taken the major step to offer our customers seven-year fixed rate products which will enable them to plan for the future knowing that their mortgage repayments will remain static for the longer term.
“We’re extremely pleased to offer this new fee-free product range, on top of new two and five year fixed rate mortgages.
“For those wishing to keep their monthly payments to a minimum we are also offering the option of a two-year fixed rate mortgage at just 2.35%, but with higher fees. We feel the new range offers fee and rate options to suit a number of different borrower requirements.
“We’re continuing to lend strongly, in line with our commitment to doing everything to help borrowers, and the ongoing popularity of our products is a reflection of that.”
